PropertyEU
Pbb provides EUR 90m loan for UK assets
Date: 20 October 2011
Category: Finance
pbb Deutsche Pfandbriefbank has provided a £78 mln (EUR 90 mln) facility to subsidiaries of O&H Holdings for a portfolio of Mayfair offices in London, and The Heart shopping centre, Walton on Thames.

The Mayfair portfolio includes office premises in Old Burlington Street, Grafton Street and Swallow Street with retail uses on the ground floors. The portfolio is currently fully let.

The Heart is Walton on Thames’ principal retail offer and was developed by the O&H Group in 2004.

Harin Thaker, Head of Real Estate Finance International at pbb Deutsche Pfandbriefbank said: 'We are delighted to be providing finance to the O&H Group. The transaction is our first deal together and we look forward to building on this in the future.'
 
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